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[quote=Anonymous]We are trying to figure this out now to redo our wills. My first marriage, spouse’s second. We have two kids together and spouse has an older child (now adult)  from first marriage. All our finances are joint but it’s the wills that are complicated. Right now his is what we are working with:

our house is jointly owned and any equity /house goes to the other spouse.

Spouse will leave 25% percent of assets (retirement and savings)  to each of us (3’children and me). im beneficiary of his term life insurance (expires age 70).

I  will leave my term insurance to spouse (expires age 68 I think) and divide rest of my assets between spouse and our two kids. Monies I may/likely will inherit from my parents will be placed in a trust for kids managed by their uncle (my brother). Spouse won’t inherit anything (we support their mom and dad has passed):

Fortunately, the oldest has / will have significant wealth from other parent (much much more than spouse and I have together) which formed part of the equation;  it we are still fine tuning. [/quote]

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